Mexico is relatively labor-abundant when compared with the United States.Therefore,Mexico has a comparative advantage in _____ compared with the United States.

A) all goods
B) goods that are labor-intensive in production
C) goods that are capital-intensive in production
D) goods that are land-intensive in production

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost than others, leading to more efficient trade possibilities.

Labor-Intensive

Characterized by a high proportion of labor relative to capital in the production process.

Labor-Abundant

Describes economies or regions with a large workforce relative to the capital or land available.